Zip started its short term trend reversal and appears to be bullish again.
This would be the long term trend if Zip can break the minor downtrend resistance again. Investors can buy at this price for minimum drawdown and maximum profit.
Another profit taking will happen at the previous all-time high value so better to sell at that point.
This would be the long term trend if Zip can break the minor downtrend resistance again. Investors can buy at this price for minimum drawdown and maximum profit.
Another profit taking will happen at the previous all-time high value so better to sell at that point.
Comment:
Zip doesn't show any conclusive movements yet. It has to either break bottom support and go to $7.24 or break top resistance to reach $9.5. Still waiting for any of these two scenarios to play out.
Comment:
Zip reached daily support level. Any two consecutive green candles above the daily support line would indicate bullish momentum. I guess it will be a buy.
Also in the long term, Zip will generally stay above $8
Also in the long term, Zip will generally stay above $8
Comment:
Zip has broken the trendline and horizontal support line, I am expecting a reversal sign soon because now the price is at the bargain zone. I have bought some shares at $7.8 and expecting to buy more depending on the situation. If there is no reversal at the current support line zip could fall until $6 which is another opportunity to buy. If the bullish momentum can pick up I will buy more around $8 as well.